Brown Miller Wealth Management LLC Takes Position in Science Applications International Co. (NYSE:SAIC)

Brown Miller Wealth Management LLC bought a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,983 shares of the information technology services provider's stock, valued at approximately $335,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after buying an additional 874 shares during the last quarter. Truist Financial Corp raised its stake in shares of Science Applications International by 6.4% in the 4th quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after acquiring an additional 233 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Science Applications International in the 4th quarter worth approximately $693,000. Ieq Capital LLC acquired a new position in Science Applications International during the fourth quarter valued at approximately $2,670,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Science Applications International in the fourth quarter valued at approximately $704,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Price Performance

Shares of SAIC traded down $1.05 during mid-day trading on Friday, reaching $103.65. The company had a trading volume of 1,069,749 shares, compared to its average volume of 542,850. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $4.86 billion, a P/E ratio of 17.48 and a beta of 0.50. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The company's 50-day moving average is $115.01 and its 200-day moving average is $111.68.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Science Applications International's revenue was up 1.6% on a year-over-year basis. On average, equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.43%. Science Applications International's dividend payout ratio (DPR) is 20.76%.

Insider Buying and Selling at Science Applications International

In other news, CEO Toni Townes-Whitley purchased 2,000 shares of the business's stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at $5,045,585.61. The trade was a 4.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John K. Tien, Jr. purchased 215 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were acquired at an average cost of $116.50 per share, with a total value of $25,047.50. Following the completion of the purchase, the director now owns 919 shares of the company's stock, valued at $107,063.50. The trade was a 30.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 3,260 shares of company stock worth $365,037. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SAIC. Truist Financial decreased their price objective on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. UBS Group cut their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. Wells Fargo & Company raised their target price on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Barclays cut their price target on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and an average price target of $124.20.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.